Story perspectives

We-Fi Launches Code to Bridge $1.7 Trillion Funding Gap for Women

2/1/2025

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Summary

Story summary

In November 2023, We-Fi launched the WE Finance Code to tackle a $1.7 trillion funding gap for female entrepreneurs.
The initiative targets 28 pilot countries, including Nigeria and the Dominican Republic, to engage financial institutions and enhance data collection.
Women now make up one-third of high-growth entrepreneurs, with startup rates increasing from 6.1% to 10.4% since 2001.
Access to capital remains challenging, highlighting the need for policies that support STEM education and mentorship.

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Story summary

In November 2023, We-Fi launched the WE Finance Code to tackle a $1.7 trillion funding gap for female entrepreneurs.
The initiative targets 28 pilot countries, including Nigeria and the Dominican Republic, to engage financial institutions and enhance data collection.
Women now make up one-third of high-growth entrepreneurs, with startup rates increasing from 6.1% to 10.4% since 2001.
Access to capital remains challenging, highlighting the need for policies that support STEM education and mentorship.